About the Role
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The Compliance & AML Specialist supports the day-to-day Compliance and AML/CTF activities of the company, ensuring adherence to applicable SAMA requirements, internal policies, and regulatory obligations related to payment activities.
Key Responsibilities
Compliance
- Monitor compliance with applicable SAMA regulations, circulars, license conditions, and internal policies.
- Maintain the regulatory obligations register.
- Support the Compliance Monitoring Plan by conducting reviews and control testing, and following up on corrective actions until closure.
- Review new products, services, customer journeys, operational changes, customer agreements, disclosures, policies, procedures, and marketing materials.
- Assist with SAMA regulatory reports, responses, and information requests, managing submissions and correspondence through eSAMA, RMS, SAMA Care, and other applicable portals.
- Identify when a SAMA NOC is required, prepare submissions, and ensure follow-up until closure.
- Monitor customer protection, complaints handling, outsourcing, and third-party compliance.
- Escalate material breaches, incidents, and regulatory risks to the Compliance and AML/CTF Manager.
AML/CTF
- Support implementation and maintenance of the AML/CTF and sanctions framework.
- Oversee KYC, customer due diligence, enhanced due diligence, and customer risk classification.
- Monitor sanctions, targeted financial sanctions, and PEP screening controls.
- Oversee transaction-monitoring alerts, investigations, and unusual activity escalations.
- Prepare suspicious activity assessments for review by the Compliance and AML/CTF Manager.
- Assist the Compliance and AML/CTF Manager in regulatory reporting and communication with the Saudi Financial Intelligence Unit.
- Conduct quality assurance reviews over KYC, screening, and transaction-monitoring processes.
- Coordinate with Fraud, Risk, Cybersecurity, Operations, and Customer Care on financial crime matters.
- Support periodic AML/CTF risk assessments and follow up on identified actions.
Management and Reporting
- Coordinate day-to-day Compliance and AML activities.
- Prepare periodic reports for the Compliance and AML/CTF Manager and relevant committees.
- Support Compliance and AML training and awareness initiatives.
- Maintain complete Compliance and AML records and supporting evidence.
Skills, Knowledge and Expertise
- Bachelor’s degree.
- 1–2 years of experience.
- Experience in a similar sector is preferred.
Employment Details
- Department: Compliance
- Employment Type: Full Time
- Location: Riyadh
- Application Deadline: 18 November 2026
